House for sale • 712 m² without real estateBremen Hemelingen Bremen 28307

Provision-free: HB-Arbergen, MFH 10 units, Yield 7.1%, Factor 14

(please request our exposé!)

The property has approximately 585 sqm of living space as well as over 100 sqm of usable space, totaling just over 700 sqm. The living space is distributed across 10 apartments (7 x 3-room, 1 x 2-room, 2 x 1-room). There are 12 parking spaces available, of which about 6 are rented.

The ground floor was built around 1955. The first floor and the attic were built in 1979.

Annual actual net cold rental income (JNKM IST): €53,916 (including €1,596 for the parking spaces)

Annual target net cold rental income (JNKM SOLL): €63,516 (including €1,596 for the parking spaces), averaging €8.83 per sqm.

The difference between the actual and target figures is due to the currently vacant 3-room apartment on the ground floor (over 100 m²). For the target net rental income, a conservative cold rent of €800 was assumed here (after necessary renovations).

At a purchase price of €890,000, this amounts to €1,521 per sqm of living space or €1,250 per sqm of living and usable space. This makes the property also interesting for subdividers.

The property is located in Bremen, in Arbergen. The town has preserved its village charm and is situated about 10 km southeast of Bremen’s city center.

Arbergen is also popular for its excellent transport connections due to its proximity to the HB-Asten motorway on-ramps (A1), HB-Mahndorf (A1), as well as to the Bremen cross (A1/A27). With public transport, it takes 19-27 minutes (bus plus train from Mahndorf) or about 30-35 minutes (bus and tram) to reach Bremen’s main station.

The infrastructure in the immediate vicinity (doctors, schools, shopping opportunities) is excellent. Two supermarkets (Lidl and REWE) are located about 800 meters from the property.

The property is situated on the main road, yet in a quiet, rear position. Many apartments in the building have a view of the greenery.

Amenities and condition can be described as average.

Bathrooms: 3 bathrooms in 1970s style, 7 updated to around 2010. All are equipped with instantaneous electric water heaters. In 7 bathrooms, there is both a bathtub and a shower, while in 3 there is only a shower.

Floors: Almost all living areas are equipped with laminate flooring; the bathrooms are tiled. No immediate action is required. The 3-room apartment on the ground floor partially features old hardwood flooring.

Electrical systems:

Ground Floor: 3-room apartment: electrical system from 2015, 2-room apartment: from 2018, the two smaller apartments: electrical systems from before 2014, possibly very old.

First Floor + Attic: electrical system from the building year 1979, with some later retrofitting of residual current devices (RCDs).

Windows: Wooden, double-glazed. Presumably from 1979. Some windows require attention, while others are still okay, though they are nearing the end of their lifecycle.

Balconies: There are 4 balconies for the 6 apartments on the first floor and attic; two are shared between two apartments, so that each apartment on these floors has a balcony.

The balcony railings should be renewed in the near future.

Kitchens: Almost all apartments have (mostly rather simple) fitted kitchens, which belong to the building and will be included in the sale.

Furnishings: Four of the apartments have been rented furnished. The furniture is of a simple kind.

Ground Floor Apartment (left): This apartment is currently vacant and needs to be renovated before re-letting:

Flooring (sand or replace the hardwood planks), painting work, overhaul of the fitted kitchen. The guest WC is currently without installations.

Heating: New oil condensing boiler from 2023

Important: The energy certificate was created based on the consumption data from 2021 to 2023, i.e. still predominantly with the old heating system. However, in autumn 2023 the old oil heating system (from the 1980s) was replaced by a new oil condensing boiler (Viessmann Oil Condensing Boiler Vitorondens 200T, 67.6 kW). The new heating system will certainly result in significant energy savings, which are hardly reflected in the current energy certificate (consumption 2012 to 2023).

Please feel free to request the exposé!